Cool roof coatings have increasingly gained significance in the growing green construction sector on account of their efficient energy performance and and being a comfort alternative for consumers. The global cool roof coatings market is anticipated to witness a positive leap on the growth as the consumer awareness concerning products with lesser environmental impact grows rapidly along with the changing demographics. The global cool roof coatings market is expected to reach USD 5.95 billion by 2026 and is estimated to grow at a CAGR of 6.8 % from 2018 to 2026.
Cool roof coatings help to reduce the increased temperature due to
the heat from that gets trapped inside the buildings. Thus, results in lower
dependency on energy-consuming equipment such as air conditioners. It also
helps in the reduction of costs concerning energy. Cool roof coatings help in
mitigating the harmful UV radiation affects and structural deformations which
might occur due to fluctuations in temperature.
Get
Sample Copy: https://www.polarismarketresearch.com/industry-analysis/cool-roof-coatings-market/request-for-sample
Technology advancements and material development have played as
significant part in the growth of cool roof technologies. With the emergence of
new polymers containing lower volatile organic compound (VOC) are anticipated
to contribute to product demand as an environmental-friendly alternative. Regulations
concerning limited or no quantity of VOC content in paints & coatings is
expected to strengthen the demand of cool roof coatings market. Silicon based
cool roof coatings are among the latest innovations.
Green buildings demand has also risen sharply, wherein green
buildings incorporate unique construction features ensuring effective use of
water and energy. These are characterized as those providing the required
building performance during the whole building life-cycle coupled with
minimizing consumption of conventional energy sources. Green buildings are
certified as per programs such as Leadership in Energy and Environmental Design
(LEED) which have further resulted in growth of environmentally-friendly
coatings such as cool roof.
Get Discount Offer: https://www.polarismarketresearch.com/industry-analysis/cool-roof-coatings-market/request-for-discount-pricing
North America is the largest regional market for the cool roof
coatings followed by Europe. Increasing consumer preference and supportive
government policies for curbing carbon footprint in North America is the major
growth factor for the growth of cool roof coatings in the region. Asia Pacific
is likely to witness the fastest growth during the forecast period on account
of increasing demand from its growing economies such as India and Southeast
Asian countries. China is expected to witness fast growth in demand due to
extensive implementation of green building codes.
The global cool roof coatings market is highly competitive and is
characterized by high degree of integration across the manufacturing stage and
distribution. Some of the key reclaimed rubber market players KST
Coatings (Sherwin-Williams), DowDupont, Nippon Paints, KST Coatings
(Sherwin-Williams), Monarch Industries, Sika Sarnafil, Nutech Paints, Valspar
Corporation, GAF Materials, and Excel Coatings.
Read :
No comments:
Post a Comment
Please do not enter any spam link in the comment box...